Types of Administration:
• Summary Administration:
this type of administration is for smaller estates and usually takes less time than a Formal Administration.
• Formal Administration:
this type of estate administration is for larger estates and involves appointing an individual to gather and distribute the assets after paying the claims of all creditors.
Quite simply, if you have a properly executed will, your assets will be distributed to those listed in the will. Without a properly executed will, the assets will be distributed in accordance with the law.